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Shipping industry struggles to reach pre-pandemic cargo volume - BusinessWorld Online

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The fuel crisis is making it more difficult for the domestic shipping industry to reach pre-pandemic cargo volumes this year, the Philippine Liner Shipping Association (PLSA) said. READ:

cult for the domestic shipping industry to reach pre-pandemic cargo volumes this year, the Philip“It’s still up and down. It’s still below 2019. The 2021 numbers did not meet the 2019 numbers. It’s very tough,” PLSA President Mark Matthew F. Parco toldData from Philippine Ports Authority showed that domestic cargo throughput in 2021 reached 96.86 million metric tons , down by 7.2% from 104.43 million MT in 2019 before the coronavirus pandemic crisis.

Since the start of the year, local prices of gasoline, diesel, and kerosene posted a net increase of P16, P26, and P24.10 per liter, respectively. Oil firms are set to implement a price rollback on Tuesday. The average increase in freight fees is 25%, according to Mr. Parco. Domestic ship operators are authorized to set their own shipping rates under Republic Act No. 9295.ffi“The challenge now is the cost to operate, not limited to fuel. For the passenger [business], it may take a while still,” he said in a phone message toIn a statement last week, Chelsea Logistics said its freight business “continued to recover with a 30% year-on-year increase in revenues to P2.

 

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